News / International

Gas Exploration in Mozambique will Require $31b in Investment

According to the president of Mozambique's national oil and gas company (ENH), oil companies operating in the country will need to invest $31b over the next few years to begin exploration of the natural gas reserves discovered in the north.

91 Companies Bid for Nigeria’s Petroleum Company Service Contract

The Nigerian National Petroleum Corporation has begun the public opening of technical bids submitted by 91 companies to secure contract for the provision of Coastal and Bunkering Vessel Services.

IMF: GCC Diversification Solution to Oil Price Dilemma

The IMF expects oil prices to average $52 a barrel in 2015, down from $110 a barrel in the first half of 2014

Oman Devising Energy Master Plan as Oil Workers Laied Off

Oman's top 100 energy sector stakeholders held a workshop Tuesday aimed at drafting the most-critical recommendations to be included in Oman’s 25-year energy master plan

Russia to Build Iranian Nuclear Power Plants

Russian Energy Minister Alexander Novak announced that Russia’s construction of two more nuclear power units in Bushehr in southwest Iran will cost about $11 b

Angola Driving Ahead with Eurobond Plan as Oil Prices Falls

Angola's Finance Minister announced that his country will meet with investors in the US and Europe starting October 26 to promote its first Eurobond sale

Google to Invest in Africa’s Largest Wind Project

Google announced that they are committing to invest in the Lake Turkana Wind Power Project in Northern Kenya, which will be their second clean energy investment in Africa.

MAN Diesel & Turbo Opens Lagos office

MAN Diesel & Turbo has opened a new sales office in Lagos, Nigeria. The company, based in Augsburg, Germany, is the world’s leading provider of large-bore diesel engines and turbomachinery for marine and stationary applications.

DRC, SacOil, Total Get Extension for Block III License

Joint venture partners Total E&P RDC as operator had the Block III license extended for an additional two years in Democratic Republic of Congo. SacOil holds a 12.5% effective interest.

Senegal Consortium Expanding Drilling Prospects for SNE Block

FAR and its Senegal joint-venture partners Cairn Energy, ConocoPhillips and Petrosen are planning to transform the SNE (SEN, 32/11) Field off Senegal into a development hub

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